Chinese Pig Prices Hit 15-Year Low as War Costs Worsen Margins

Chinese pig farmers are facing worsening losses, as tepid domestic consumption of pork is compounded by rising costs from the war in Iran. Prices have plummeted to a 15-year low, forcing many producers to sell below cost. Analysts point to the disruption of global grain markets and energy supplies stemming from the Middle East conflict as the primary driver for the spike in feed prices, which is squeezing margins to unsustainable levels.